Quote by James Chanos
I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance.
Summary
This quote highlights the distinction between two types of investors - long-focused value investors and good short-sellers. It suggests that the key difference lies in their psychological approach, an aspect related to behavioral finance. The quote implies that successful value investors adopt a long-term perspective, focusing on the intrinsic value of stocks, whereas effective short-sellers have a different psychological mindset, driven by a unique understanding of market behavior and trends. Overall, the statement suggests that psychological factors play a crucial role in determining the success of these investment strategies.
Topics
Finance
By James Chanos